Hikes Not Cuts as Mag 7 Sheds $2.7T | Weekly Market Recap

Your weekly market update - simplified for busy investors. This week: The Fed turned hawkish and markets began pricing 33bps of rate hikes — not cuts — by year-end, the S&P 500 fell -1.95% to 7,354 while the Nasdaq 100 sank -4.24% as the Magnificent Seven shed $2.7 trillion in value over the trailing month, WTI crude collapsed -9.5% to $69.23 as the Hormuz war-risk premium drained out, gold held above $4,000 despite slipping -1.8%, Micron posted a blowout $41.5B-revenue quarter backed by $22B in customer take-or-pay deposits, and Apple stock fell -6.1% after hiking MacBook and iPad prices on the memory squeeze. 📈 Markets: Three repricings at once — rates, Mag 7 leadership, and oil all flipped 💼 Corporate moves & earnings highlights 🌍 Macro: Cool on the month, hot on the year — the PCE split that's boxing in the Fed